Narwhal Capital Management Sells 2,376 Shares of BlackRock $BLK

Narwhal Capital Management lessened its stake in shares of BlackRock (NYSE:BLK) by 10.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,825 shares of the asset manager’s stock after selling 2,376 shares during the quarter. BlackRock comprises 1.8% of Narwhal Capital Management’s investment portfolio, making the stock its 12th biggest holding. Narwhal Capital Management’s holdings in BlackRock were worth $24,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Valmark Advisers Inc. grew its stake in BlackRock by 0.9% in the third quarter. Valmark Advisers Inc. now owns 1,441 shares of the asset manager’s stock valued at $1,679,000 after acquiring an additional 13 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of BlackRock by 30.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 16,435 shares of the asset manager’s stock worth $19,161,000 after purchasing an additional 3,845 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of BlackRock by 3.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 1,526 shares of the asset manager’s stock worth $1,779,000 after purchasing an additional 57 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of BlackRock by 4.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 43,312 shares of the asset manager’s stock worth $50,496,000 after purchasing an additional 1,735 shares in the last quarter. Finally, Summit Place Financial Advisors LLC grew its position in BlackRock by 0.4% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 3,546 shares of the asset manager’s stock valued at $4,134,000 after purchasing an additional 15 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BlackRock

In other BlackRock news, Director Rachel Lord sold 12,000 shares of BlackRock stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the sale, the director owned 7,205 shares of the company’s stock, valued at approximately $8,394,113.20. The trade was a 62.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin Small sold 1,258 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $1,043.38, for a total transaction of $1,312,572.04. Following the completion of the transaction, the chief financial officer owned 6,209 shares in the company, valued at approximately $6,478,346.42. The trade was a 16.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.98% of the stock is currently owned by insiders.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,085.06 on Friday. The company has a market capitalization of $168.35 billion, a PE ratio of 27.90, a PEG ratio of 1.57 and a beta of 1.47. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $1,067.10 and its 200-day moving average price is $1,101.63. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). BlackRock had a return on equity of 14.80% and a net margin of 26.64%.The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.22 billion. During the same quarter last year, the business posted $11.46 earnings per share. The business’s revenue was up 25.2% compared to the same quarter last year. On average, equities analysts anticipate that BlackRock will post 47.41 EPS for the current year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Friday, December 5th were issued a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, December 5th. BlackRock’s payout ratio is 53.59%.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock and others see a big potential expansion in retail access to crypto, which supports future ETF/net?new?asset upside if Main Street demand grows. BlackRock predicts major shift in retail investors’ access to cryptocurrencies
• Positive Sentiment: Tokenization adoption: Jupiter launched JupUSD with reserves tied to BlackRock’s tokenized BUIDL fund — a sign BlackRock-backed institutional assets are being used in on?chain products, which could broaden distribution and fees long term. Jupiter Exchange Launches JupUSD Stablecoin with BlackRock-Backed Reserves
• Positive Sentiment: Company clarification: BlackRock publicly reiterated it does not buy single?family homes after a Trump proposal sparked market confusion — the clarification reduces an ongoing reputational/regulatory overhang for the firm. EXCLUSIVE: BlackRock Says It Does Not Buy Single-Family Homes After Trump Proposal
• Neutral Sentiment: Governance/leadership attention: BlackRock’s Rick Rieder was asked about being on a short list for Fed Chair — raises headlines but uncertain impact on firm fundamentals; investors may watch for potential conflicts or time distractions if the story develops. BlackRock’s Rieder Reacts to Being Considered for Fed Chair
• Neutral Sentiment: BlackRock crypto leadership: senior ETF executives said it’s still “very early days” for Bitcoin/Ethereum adoption — tempered optimism that supports a measured, long?run view on crypto AUM. BlackRock ETF Chief Says ‘Still Very Early Days’ For Bitcoin, Ethereum
• Neutral Sentiment: Minor ownership update: BlackRock reduced its stake in Finland’s Orion below the 5% disclosure threshold — routine portfolio move, limited impact on BLK fundamentals. Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
• Negative Sentiment: Large crypto flows/signals: multiple outlets reported BlackRock moved sizable BTC/ETH to Coinbase Prime (and some headlines framed it as “dumping” ~$276M BTC and ~$83M ETH), which can spook investors about crypto exposure and short?term ETF flows. BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime
• Negative Sentiment: Policy/politics ripple: Trump’s housing proposal triggered market confusion and a selloff in some real?estate/asset?manager stocks (and headlines conflating BlackRock/Blackstone amplified volatility), pressuring sentiment toward BLK. Trump Targets Wall Street Homebuyers: Why BlackRock, Blackstone Are Feeling The Heat
• Negative Sentiment: Analyst tweak: Keefe, Bruyette & Woods trimmed BLK’s price target slightly (still an outperform rating) — a modest headwind for sentiment. Keefe, Bruyette & Woods lowers price target on BlackRock

Analyst Ratings Changes

Several research firms have weighed in on BLK. Morgan Stanley upped their price objective on shares of BlackRock from $1,486.00 to $1,514.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. The Goldman Sachs Group reissued a “buy” rating and set a $1,313.00 target price on shares of BlackRock in a research report on Tuesday, December 9th. Argus raised their price target on shares of BlackRock from $1,165.00 to $1,330.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Loop Capital set a $1,255.00 price target on BlackRock in a research note on Tuesday, October 21st. Finally, UBS Group began coverage on BlackRock in a research note on Thursday, December 11th. They issued a “neutral” rating and a $1,180.00 price objective for the company. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, BlackRock has a consensus rating of “Moderate Buy” and an average target price of $1,313.12.

BlackRock Profile

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.